The Business Times, 12 May 2012

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Microfilm: NL32010
Total Pages: 48
1 20 The Business Times
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  • TOP STORIES
    • Article
      Lock icon US consumers upbeat, sentiment at a high
      685 2 Index at highest since Jan ’08 as new job gains, fall in gas prices boost buying power LATEST US DATA Reuters Bloomberg AP New York US consumer sentiment rose to its highest level in more than four years in early May as Americans
      Reuters; Bloomberg; AP  -  685 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 2,883.40 (-20.20) HSTI FUTURES 2,883.00 (-20.00) HSIMSCI 331.78 (-2.22) HSIMSCI FUTURES 331.20 (-2.50) Friday Change KL COMP 1,584.32 -3.74 NIKKEI 225 8,953.31 -56.34 HANG SENG 19,964.63 -262.65 SET 1,191.01 +0.36 JAKARTA 4,114.14 -19.49 MANILA 5,158.14 -33.96 KOSPI 1,917.13 -27.80 SHENZHEN B 661.42 -5.28 MUMBAI IND 16,292.98 -127.07 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.397 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.251 (US$/S$ per 1.612 2.016 EURO(US$/S$/E) 1.294 1.619 Foreign currency per US$ S$ YEN 79.90 63.80 RM 3.072 2.455 HK$ 7.765 6.205 BAHT 31.24 24.97 RUPIAH 9,208 7,359 RENMINBI 6.311 5.043 INDIAN RUPEE 53.56 42.81 A$ 0.996 0.796 NZ$ 1.277 1.021
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    • Article
      Lock icon Strong interest seen in Farrer Drive site
      842 4  -  Analysts expect top bid in the $850-1,100 psf ppr range, with final selling prices of $1,700-1,800 psf By Kalpana Rashiwala kalpana@sph.com.sg Singapore ANYWHERE between 10 and 20 developers could make a beeline for a plum 99-year private housing site at Farrer Drive, next
      842 words
    • Article, Illustration
      Lock icon Interim CEO lists steps to prevent breakdowns
      980 5  -  Improvement measures include securing claws, mothballing Kawasaki-Sifang trains and checking speeds on some tracks COMMITTEE OF INQUIRY By Samuel Ee samuelee@sph.com.sg Singapore THE interim CEO of SMRT yesterday detailed all the improvements the train operator has made since the massive service breakdowns in
      980 words
    • Article
      Lock icon AirAsia, MAS collaboration necessary: Rafidah
      602 5  -  Airlines must be able to face competition, says AirAsia X head By S Jayasankaran bt wo rl d @s p h .co m .sg Kuala Lumpur A FORMER minister said yesterday that the proposed collaboration between AirAsia, its long haul unit AirAsia X and Malaysia
      602 words
    • Article, Illustration
      Lock icon Minorities in majority but contacting boards isn’t easy
      891 6  -  Survey report urges firms to do more to provide avenues through which investors can contact companies with queries By Jamie Lee leejamie@sph.com.sg Singapore SHAREHOLDERS in Singapore face some tall hurdles when trying to reach out to management and the board, a new
      Source: ACCA and KPMG  -  891 words
    • Article
      Lock icon 30% of listed firms queried at least once in last year: study
      362 6  -  Only 4% of firms had interim results reviewed by auditor; 7% had full-year results audited By Jamie Lee leejamie@sph.com.sg Singapore JUST over 30 per cent of 712 companies listed here received at least one query from the Singapore
      362 words
    • Article, Illustration
      Lock icon China economy may be sinking further, faster
      623 7 Investment and industrial output declines sharper than forecast, data for April show AP Shanghai CHINA’S economy is slowing further, defying hopes it may have “bottomed out”, with data for April showing sharper-than-expected declines in investment and industrial production. Data released by the National
      AP; REUTERS  -  623 words
    • Article
      Lock icon Perfect storm brewing in corp credit markets: S&P
      681 7  -  Funding needs will be a massive US$43-46t over next five years By Malminderjit Singh msingh@sph.com.sg Singapore IF you think the worst of the financial crisis is over, think again. There seems to be a perfect storm brewing in the corporate credit markets
      681 words
    • Article, Illustration
      Lock icon HK Q1 growth hit hard by Europe’s woes
      605 8 GDP in quarter up just 0.4%; govt forecasts 1-3% expansion for full year, least since 2009 Bloomberg Hong Kong HONG Kong’s economy grew at the slowest pace since the global financial crisis in the first quarter as Europe’s sovereign-debt woes undermined export
      Bloomberg; AFP  -  605 words
    • Article, Illustration
      Lock icon Rocking the cradle of democracy
      735 8  -  SATURDAY SOAPBOX Joyce Hooi Reporter AS THE nation contemplates democracy during by-elec-tion season, we should take a leaf from the book of the St Gallen Symposium. Last weekend, some of the brightest minds in the world voted overwhelmingly by SMS at first, anyway to turf
      735 words
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      Lock icon Page 2 Advertisements Column 1
      55 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 LIVING Dining L2-8 Style L9 Shopping L10-11 Raffles Conversation 10-11 Companies 12-16 Singapore 17-18 World 19-22 Home Garden L12-13 Gadgets L14 Health L15 Sports L16 Golf L17 Motoring L18-19 F1 Watch L20 Stocks Stats 23-27 Perspective 28-29 Wealth 30-31 Investing 32-33
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      214 4 on the you use, acial expression body language (55 and your Voice (38%). the phone, it d| vocal t(J Speaking Well Is NOT just a Soft Skill, It's a skill that will CHANGE YOUR LIFE! Make 2012, the year you become a Confident, Competent Communicator.™" Why is Voice Speech Coaching
      214 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK May 7-11, 2012
      • Article
        Lock icon Rising COE premiums put brakes on business
        57 9 SOARING certificate of entitlement (COE) premiums are bearing down on businesses and forcing them to put the brakes on growth. Since the start of the year, the workhorses of the road lorries, vans and motorcycles have become more expensive at a staggering rate,
        57 words
      • Article
        Lock icon Panic sets in as Greece, France vote out austerity
        43 9 STOCK markets tumbled on Monday after Greek and French election results stoked fears of a further eurozone crisis. The euro weakened and hovered above the crucial round number of 1.30 against the US dollar.
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      • Article
        Lock icon Firms start dragging their feet on payments
        49 9 MORE companies are facing cashflow problems and delaying their payments as the economy slows, says DP Information Group. The problem seems most acute in the services sector where, in the first quarter, 50 per cent of the debts owed were deemed delinquent.
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      • Article
        Lock icon It’s getting cold outside, so investors dive into Asia
        55 9 INVESTORS from Europe and other regions far afield who were once dipping their toes into Asia are now taking the plunge. Many are looking beyond generic equity funds to more specific or complex investments such as individual stocks or currencies to
        55 words
      • Article
        Lock icon Open season at OpenNet as it blames SingTel for NBN delay
        58 9 AS the OpenNet comes under fire over delays in rolling out the next-generation nationwide broadband network finger squarely at consortium it has pointed the finger squarely at consortium member SingTel. “Some aspects of OpenNet’s performance are affected by disputes
        58 words
      • Article
        Lock icon Greece teeters on precipice, eurozone exit looms large
        71 9 GREECE teetered on the verge of political chaos on Monday, with few signs that any party could form a governing coalition and the prospect of the nation leaving the eurozone looming increasingly large. A day after coming in a weak first in
        71 words
      • Article, Illustration
        Lock icon Europe’s troubles hit Singapore Girl’s wallet
        67 9 THE Singapore Girl is going through a rough patch. Singapore Airlines on Wednesday posted a sombre set of results which reflected the vulnerability of a business model that is dependent on a flagging Europe. TURBULENT FLIGHT Singapore Airlines posted a sombre set of results
        FILE PHOTO  -  67 words
      • Article
        Lock icon Average Joe gets green light on foreign shares
        64 9 INVESTORS here fretting about whether they need to be qualified before trading in Apple Inc shares can rest easy. The Monetary Authority of Singapore has reversed its decision to have ordinary shares of companies listed in for- eign countries designated as complex
        64 words
      • Article
        Lock icon Hougang voters choose again on May 26
        44 9 A BY-ELECTION has been called for Hougang to fill the seat left vacant by former Workers’ Party MP Yaw Shin Leong. It is likely to be a straight fight between WP and the ruling People’s Action Party.
        44 words
      • Article
        Lock icon Cat B COE premiums jump past $92k
        54 9 COE premiums ended mixed on Wednesday amid what some motor distributors described as a slowing market anticipating positive changes to the vehicle quota system later this month. A certificate of entitlement in Category A slipped $1,601 to $62,600 but Cat B jumped $1,050
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      • Article
        Lock icon HK threatens to jail dodgy IPO bankers
        56 9 THE new head of Hong Kong’s securities watchdog has revived a proposal to throw investment bankers into jail for making false statements in documents of an IPO they sponsor. At stake is a business that has made Hong Kong the world’s largest IPO
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      • Article
        Lock icon SIA hopes to hitch a ride on SilkAir now
        61 9 SINGAPORE Airlines has a new strategy to deal with tough market conditions and its regional unit SilkAir is at the heart of it. Competition has eroded SIA’s pricing power, costs are rising, its traditional markets in the West are in a
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    • Article
      Lock icon NEXT WEEK May 14-18 ’12
      81 9 US DATA May 15 April retail sales April CPI March business inventories May 16 April housing starts April building permits SINGAPORE DATA May 17 Merchandise trade EVENTS May 14 Brussels Eurogroup meeting May 16 Washington US Federal Reserve’s Federal Open Market Committee (FOMC) publishes minutes
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      332 9 Across 1 Psychiatrist’s technique revealed in brief conversation with union (4,11) 9 In front of chops is gold tooth (7) 10 Bony, a maltreated langur (7) 11 Assessed situation and bought shares (4,5) 12 Subject, English, to be set by those people (5) 13 Soldiers beheaded and left in hollow
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      11 9 SATURDAY with Ludwig ‘At this point in time, I was hibernating
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The personal touch
      2002 10 / 11  -  touchVinod Kumar, Tata Communications’ CEO, embodies the drive he envisions for the company. By Victoria Ho By Victoria Ho vhoip@sph.com.sg TATA Communications is a big name in its home country of India, but on the global scene, it is very much still the new kid on the
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  • COMPANIES
    • Article, Illustration
      Lock icon OCBC’s Q1 profit jumps 32% to $832m
      643 12  -  Surprise performance due largely to higher insurance and trading income and a divestment gain By Siow Li Sen lisen@sph.com.sg Singapore OCBC Bank yesterday posted a 32 per cent year-on-year rise in first-quarter net profit to $832 million due to higher insurance and trading
      FILE PHOTO  -  643 words
    • Article
      Lock icon Local banks start new fiscal year with a bang
      653 12  -  By Conrad Tan conradt@sph.com.sg Singapore SINGAPORE’S banks started the 2012 financial year with strong re sults that surpassed expectations, buoyed by improvements in market conditions in the first three months of the year. Interest margins, which had been buckling under pressure
      653 words
    • Article, Illustration
      Lock icon Sembcorp net up 11% at $176.6m on utilities gain
      466 13  -  Profits at marine arm fall but order book strong at $7.6b By Lynn Kan lynnkan@sph.com.sg Singapore SEMBCORP Industries grew first quarter net profit 11 per cent year on year to $176.6 million from $159.9 million, which is credited to the 61
      FILE PHOTO  -  466 words
    • Article, Illustration
      Lock icon Golden Agri Q1 profit falls 30% to US$162m
      546 13  -  By Kenneth Lim kenlim@sph.com.sg Singapore PALM plantation owner Golden Agri-Resources’ first-quarter net profit took a hit as palm oil prices tumbled from year-earlier peaks. The results were in line with expectations. Golden Agri said net profit fell 30 per cent year on
      REUTERS  -  546 words
    • Article, Illustration
      Lock icon UOL’s Q1 earnings dive 63%
      497 14  -  Pan Pacific Hotels, in which the group has 81 .6% stake, posts 65% jump in Q1 profit By Mindy Tan tanmindy@sph.com.sg Singapore UOL Group posted a 63 per cent year-on-year drop in net profit to $84 million for the first quarter ended March 31, 2012.
      FILE PHOTO  -  497 words
    • Article
      Lock icon Sim Lian Q3 profit halves on lower development revenue
      268 14  -  By Michelle Tan michtyz@sph.com.sg Singapore PROPERTY developer Sim Lian Group Ltd posted a 57 per cent drop in net profit to $22.8 million for the third quarter ended March 31, from a restated $52.6 million a year earlier. Earnings per share
      268 words
    • Article
      Lock icon Abterra CEO asked to assist in HK probe
      150 14 ABTERRA chief executive officer and executive director Lau Yu has been asked by Hong Kong’s Independent Commission Against Corruption (ICAC) to assist in an investigation. “As far as the board is aware, the investigation is not related to the company and its
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    • Article
      Lock icon JP’s problem derivatives not in our trades: OCBC
      279 14  -  By Siow Li Sen lisen@sph.com.sg Singapore OCBC Bank does not trade the kind of derivatives that resulted in a US$2 billion loss at JP Morgan. “That is a product we are not engaged in,” said Samuel Tsien, OCBC Bank chief executive, yesterday.
      279 words
    • Article, Illustration
      Lock icon Greece, weak earnings weigh down stocks
      926 15  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent APART from a sudden refocus on Greece and its politics, two features characterised trading this week a drying up of liquidity in penny stocks and the clutch of earnings shocks. It’s fair to say that until now few
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    • Article
      Lock icon Court gives MF Global ex-staff early access to documents
      529 15  -  But judgment reserved on other key aspects of ex-employees’ suit By Kenneth Lim kenlim@sph.com.sg Singapore PROVISIONAL liquidators of MF Global Singapore will have to give seven former employees early access to certain financial information before a creditors’ meeting, as part of
      529 words
    • Article, Illustration
      Lock icon F&N Q2 profit drops 37.1% to $85.5m
      543 16  -  Accounting changes meant some property sales and profits can’t be booked until projects are completed By Cai Haoxiang haoxiang@sph.com.sg Singapore FRASER Neave (F&N) reported a 37.1 per cent fall in net profit to $85.5 million for the second quarter ended March 31, from
      FILE PHOTO  -  543 words
    • Article
      Lock icon SBS Q1 net falls 59.2% to $4.84m as costs rise
      426 16  -  By Jasmine Ng jasng@sph.com.sg Singapore SBS Transit’s first-quarter net profit sagged 59.2 per cent year on year to $4.84 million as the growth in energy and maintenance costs outstripped that of revenue. Earnings per share for the three months ended
      426 words
    • Article
      Lock icon Centillion posts first profit in 5 years
      214 16 CENTILLION Environment Recycling, once known as Citiraya Industries, has seemingly left its troubled days behind it as the company turned in its first positive bottom line in over five years. The electronic-waste recycler, which was placed under the Singapore Exchange watch-list in September
      214 words
    • Article
      Lock icon MDr Q1 earnings up 29% at $1.53m
      238 16  -  By Ven Sreenivasan ven@sph.com.sg Singapore MOBILE telephone services specialist MDr, whose stock has dominated the actives list on the local bourse, posted its 10th consecutive quarterly profit as its aftermarket services business continued to register growth. The company, carved out of now-defunct Accord
      238 words
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  • SINGAPORE
    • Article
      Lock icon Biomed sector sees healthy growth in hiring this year
      722 17  -  Pick-up seen continuing until end-2012 as new firms set up base here, existing ones beef up ops By Nisha Ramchandani nishar@sph.com.sg HIRING in the biomedical sector is on the rise this year as new companies set up base in Singapore and
      722 words
    • Article
      Lock icon Spring commits $10m for education SME projects
      171 17 SPRING Singapore is committing a grant of $10 million in its Education Innovation (EI) initiative to encourage capability upgrading among education SMEs. This was announced by Ted Tan, deputy chief executive of Spring Singapore, at the inaugural Education Innovation Conference yesterday. The initiative
      171 words
    • Article, Illustration
      Lock icon China business leaders of the future graduate
      269 17  -  By Amanda Eber aeber@sph.com.sg THE first batch of “China-ready and China-savvy” business leaders and executives graduated from the inaugural annual Future China Advanced Leaders Programme in a commencement ceremony at the Fullerton Hotel yesterday. Conducted by Business China and Nanyang Business School, the
      AZIZ HUSSIN/THE STRAITS TIMES  -  269 words
    • Article
      Lock icon SIA, SAS sign deal to expand code-sharing partnership
      216 17  -  By Ven Sreenivasan ven@sph.com.sg STAR Alliance partners Singapore Airlines (SIA) and Scandinavian Airlines (SAS) have firmed up a joint venture which will expand an existing code-sharing partnership to include the coordination of flight schedules, joint sales activities and enhanced network connectivity. SIA
      216 words
    • Article, Illustration
      Lock icon Pet groomers may face rules – yet
      728 18  - Pet groomers may face rules yet Many calling out for standardised accreditation in the industry for greater pet safety By Audrey Tan audreyt@sph.com.sg FOLLOWING repeated calls for regulation, sparked by the deaths and injuries of pets after grooming, moves could finally be afoot to regulate the industry. Pet groomers told
      DOG STYLISTS  -  728 words
    • Article
      Lock icon Standard Chartered unveils new mobile app
      254 18  -  By Joshua Tan joshtan@sph.com.sg STANDARD Chartered Bank’s latest iPhone app promises to offer its credit and debit cardholders exclusive privileges which are the talk of the town. The “Good Life” iPhone app enables cardholders to enjoy over 1,000 great deals while on the move.
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      Lock icon Page 18 Advertisements Column 1
      61 18 WATS RECRUIT w f s 7 'VA .••It GlaxoSmithKline has a vacancy for a Senior Chemist Competition Commission Singapore is recruiting an Assistant Director (Corporate Planning) NTUC FairPrice is recruiting a Real Estate Officer Qatar Airway is looking for a Marketing Officer Sentosa has a position open for a Finance
      61 words
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  • WORLD
    • Article
      Lock icon CIC seeks Fed nod to keep money in funds
      446 19 If it fails to get approval, it’ll have to sell PE, hedge fund stakes as required by Volcker Rule EJ Insight Hong Kong CHINA Investment Corp (CIC), China’s sovereign wealth fund, is in talks with the US Federal Reserve for permission
      EJ Insight  -  446 words
    • Article, Illustration
      Lock icon Source: Facebook’s IPO already oversubscribed
      306 19 Reuters San Francisco FACEBOOK Inc’s record initial public offering is already oversubscribed, a source familiar with the share listing said on Thursday, just days after the world’s largest social network embarked on a cross-country roadshow to drum up investor enthusiasm. Despite concerns about slowing growth,
      Reuters; BLOOMBERG  -  306 words
    • Article
      Lock icon HKEx to tighten short-selling rules from July 3
      514 19 Minimum market cap of stocks to be traded tripled to HK$3b Bloomberg Hong Kong HONG Kong Exchanges Clearing Ltd (HKEx), Asia’s biggest bourse operator, said it will tighten short-selling regulations by tripling the minimum market value stocks must have before allowing such
      Bloomberg  -  514 words
    • Article
      Lock icon Natixis to shut commodities brokerage unit
      590 20 Closure will help French lender meet Basel III regulations about EU banks’ capital reserves Reuters New York FRENCH bank Natixis said it plans to close its commodities brokerage division, as one of the oldest ring-dealing members of the London Metal Exchange (LME) becomes the
      Reuters  -  590 words
    • Article
      Lock icon Fuel costs drag International Airlines into 249m euro Q1 loss
      458 20 Losses double despite strong revenue from British Airways Reuters London INTERNATIONAL Airlines Group, formed by the merger of British Airways and Iberia, said first quarter losses more than doubled as higher fuel costs and weakness in Spain undermined strength in
      Reuters  -  458 words
    • Article
      Lock icon Malaysia keeps rates steady as domestic demand holds up
      183 20 Kuala Lumpur MALAYSIA’S central bank kept its key interest rate at 3.0 per cent yesterday, as expected, saying domestic demand has propped up growth even though the euro zone debt crisis continues to fester. The bank, which has kept rates on
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    • Article
      Lock icon Focus on trade as Japan, China, Korea meet
      635 21  -  Summit likely to conclude three-way investment accord, agree on date for launch of FTA negotiations By Anthony Rowley in Tokyo TRADE and economic relations among Japan, China and South Korea are set to take important steps forward tomorrow when the heads of
      635 words
    • Article, Illustration
      Lock icon India March factory output dips 3.5%
      342 21 AP Mumbai INDIA’S March industrial output fell 3.5 per cent from a year ago, the government said yesterday, worse than expected on weak manufacturing and investment. Manufacturing activity fell 4.4 per cent and capital goods production a sign of crucial investment activity plunged by
      AP; REUTERS  -  342 words
    • Article
      Lock icon US banks need to do more to restore health: Bernanke
      491 21 Bloomberg Washington FEDERAL Reserve chairman Ben Bernanke said on Thursday that the US banking system is stronger and more resilient while still facing challenges on credit quality and liquidity. “Banks still have more to do to restore their health and
      Bloomberg  -  491 words
    • Article
      Lock icon Spanish banks forced to set aside 30b euro financial cushion
      386 22 They also have to separate property assets from their balance sheets AFP Reuters Madrid SPAIN announced yesterday a drastic reform forcing banks to set aside a new 30-billion-euro (S$48.6 billion) financial cushion and to separate property assets from their balance
      AFP; Reuters  -  386 words
    • Article, Illustration
      Lock icon Cameron sorry he could not help me more: Brooks
      403 22 AP London FORMER News of the World editor Rebekah Brooks a pivotal figure in Britain’s tabloid phone hacking saga said yesterday that Premier David Cameron sympathised with her after she quit in the wake of the scandal. The 43-year-old Ms Brooks,
      AP; REUTERS  -  403 words
    • Article, Illustration
      Lock icon Banks ready for change if Greece adopts new currency
      318 22 Reuters London BANKS are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would be ready at the flick of
      Reuters  -  318 words
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  • Page 22 Advertisements
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  • Article
    Lock icon SGX
    8087 23 Transaction date: May 11 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 16.5 11.5 8Telecom 14.3 12.4 13.6 66.8 0.3 3.4 68.5 9.5 4 A-Sonic 4.5 -0.2 279 4.6 4.5 4.3 6 2.9 32.2
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  • Article
    Lock icon SGX CATALIST
    1745 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 16.8 15.4 16.8 4.7 3.3 6.5 30 4 2.5 t AA Grp 3.3 3.2 3.9 3.2 164 39 t APStrategic
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 13 4 0 0 0 0 13 4 Manufacturing 28 79 42 2 16 5 30 95 47 Commerce 8 39 20 1 8 3 9 47 23 Tpt/Stor/Comms 7 21 10
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    790 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 7 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Bright Orient (Hldg) 9-May-12 Lim Peng Huat *Sell ***** na ***** 29.00 0 0.00 Bright Orient (Hldg)
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,042 19,042 94,300 94,300 Manufacturing 354,784 151,607 506,391 276,413 4,241 280,654 Commerce 416,445 27,931 444,376 145,575 1,253 146,829 Tpt/Stor/Comms 107,441 19,412 126,853 218,305 5,772 224,077 Finance 25,282 25,282 182,173 182,173 Construction 150,889 14,212 165,101 8,811
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 May 10 COCOA (£/tonne) Close Prev High/Low May 12 1545 1540 1548/1528 Jul 12 1542 1543 1553/1529 Sep 12 1534 1532 1542/1517 Dec 12 1519 1513 1522/1497 COFFEE(US$/tonne) Close Prev High/Low May 12 2080 2022 2087/2030 Jul 12 2100 2044 2110/2046 Sep 12 2101 2046 2109/2048 Nov 12 2098
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    • Article
      Lock icon METALS
      69 27 May 11 GOLD(US$/oz) May 11 May 10 Hong Kong 1587.00 1601.50 Hong Kong May 10 May 09 London 1593.51 1591.31 1594.28 1592.08 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 36.91 36.26 Source: UOB PLATINUM/ Lon (US$/oz) May 10 Close Previous PM Fix 1490.00 1499.00 AM Fix 1496.00
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    • Article
      Lock icon PALM OIL
      60 27 May 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3295.0 3355.0 3295.0 3278.0 10 1486 Jun 12 3320.0 3360.0 3334.0 3272.0 1972 ***** Jul 12 3315.0 3349.0 3330.0 3265.0 ***** ***** Aug 12 3311.0 3340.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 27 May 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 10-Aug-12 0.26 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 5-Year N*****0Z 2.375 01-Apr-17 108.94 10-Year NX*****X 2.250 01-Jun-21
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 May 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2554 1.2563 1.0034 1.0039 Canadian dollar 1.2457 1.2462 0.9957 0.9958 Euro 1.6183 1.6189 1.2935 1.2937 NZ dollar 0.9796 0.9801 0.7830 0.7832 Sterling pound 2.0160 2.0169 1.6114 1.6117
      154 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      130 27 As on 10 May 2012 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1596.70 1585.80 1595.70 114 CURRENCY AUD-USD FUT JUN2012 1.0089 1.0046 1.0071 1542 EUR-USD FUT JUN2012 1.2980 1.2926 1.2959 2474 BASE METAL COPPER FUT JUL2012 8170 8056 8138
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    • Article
      Lock icon CHICAGO BOT
      103 27 May 10 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 12 1452.25 1427.75 1455.00 1427.50 Jul 12 1455.25 1430.25 1458.75 1429.50 Aug 12 1441.75 1416.25 1445.00 1416.25 Sep 12 1387.00 1363.00 1395.25 1369.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low May 12 53.15 52.46 53.20 52.92
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    • Article
      Lock icon OIL
      74 27 May 10 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.44 0.27 WTI (Near Mth) 96.92 0.47 Dubai (1-Mth F) 109.13 0.77 Tapis blend 120.06 1.10 Minas 119.36 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.67 -0.94 Jet Kerosene 126.37 0.50 US$/barrel OpecOil Basket Price 110.06
      74 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 May 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.29 1.229 Can dollar 1.276 1.216 Euro 1.657 1.579 Sterling pound 2.058 1.979 NZ dollar 1.01 0.962 US dollar 1.269 1.221 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon LONDON METALS
      69 27 May 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2004.75 2008.00 3 months 2045.50 2049.00 Copper, Grade A (US$/tonne) Cash 8207.00 8165.00 3 months 8105.00 8054.00 Lead (US$/tonne) Cash 2088.50 2058.75 3 months 2100.00 2073.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr May 10 Index Change Change Change Change Change Change World Preliminary 873.1 0.3 5.2 0.1 1.5 0.4 5.4 EAFE Preliminary 697.7 0.3 2.3 0.1 -1.3 0.4 2.4 Europe Preliminary 1031.4 0.5 0.5
      373 words
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      Lock icon STOCKS
      107 27 Straits Times Index YTD change: +8.96% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +8.30% 52-week high: 23,707.90 on May 31,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: +8.89% 52-week high:
      Source: Bloomberg  -  107 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Regulating online gambling
      1087 28 / 29  -  Why not block Singaporeans from Web access, make Singapore Pools the sole online operator, and tax the gains? By Yap Wai Ming By Yap Wai Ming ~The writer is co-editor of Gaming Law Review and Economics: Regulation, Compliance and Policy, a 10-issues-a-year trade publication which is also
      AFP FILE PHOTO  -  1,087 words
    • Article
      Lock icon Europe can go for renewable energy
      876 28 / 29  -  By Christian Kjaer ~Christian Kjaer is CEO of the European Wind Energy Association. Project Syndicate Brussels IT HAS been evident for years that Europe needs an energy system that can cut dependence on fossil fuels, bring down future energy costs, and fight climate change.
      Project Syndicate  -  876 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon ETFs may be better after all
        1292 30 / 31  -  New Vanguard study shows up active fund management. Picking a winner among active funds may well be just a stab in the dark for a number of reasons Genevieve Cua gen@sph.com.sg Personal Finance Editor IT IS often said that the relative inefficiency of Asian
        STOCK.XCHNG; Sources: Vanguard analysis, based on data from Morningstar, Inc.  -  1,292 words
      • Article
        Lock icon BROKERS' take
        768 30 / 31  -  Compiled by Lynette Khoo Super Group Buy DMG Partners Securities May 11 Close: $1.945| SUPER’S recurring Q1 FY12 net profit of $17 million (+11 per cent y-o-y; +28 per cent q-o-q) was above our $16 million projection due to a better branded consumer sales of $93 million (our
        768 words
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        Lock icon Confidence in China intact
        1415 32 Poll shows no damage by Bo Xilai saga and economy expected to improve or stabilise Bloomberg Beijing CHINA’Sdeepestpolitical turmoil since 1989 has failed to shake conf i d ence i n t h e strength of its economy and allure of its markets, according to a
        Bloomberg; AP  -  1,415 words
      • Article, Illustration
        Lock icon How to raise a financial guru
        1471 33 Tips from youngsters making a name for themselves dishing out big helpings of financial common sense NYT New York Though only a third of 2012 has passed, Zac Bissonnette is already a strong contender for the “cheekiest author of the year” award. His new
        NYT; STOCK.XCHNG  -  1,471 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1039 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 11 AND APRIL 17, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 16/04/2012 99 1701 3520 2069 District 3 NON-LANDED Alexis Apt
        1,039 words
      • Article, Illustration
        Lock icon Steady demand for serviced offices
        506 35  -  Office space providers investing both in and outside CBD area By Mindy Tan tanmindy@sph.com.sg Singapore SERVICED and virtual office space providers are seeing steady demand for flexible workspace both within the traditional central business district area (CBD), and in the suburbs. Australian-based Servcorp, for instance,
        YEN MENG JIIN  -  506 words
      • Article
        Lock icon Mumbai land prices set to extend 15% fall: Oberoi
        524 35 Bloomberg Mumbai MUMBAI land prices, India’s most expensive, may extend their 15 per cent decline this year as high borrowing costs force indebted developers to sell real estate, Oberoi Realty Ltd chairman Vikas Oberoi said. Land transactions have dried up as
        Bloomberg  -  524 words
      • Article
        Lock icon UK home prices fall for first time in five months in April
        332 35 Bloomberg London UK house prices dropped for the first time in five months last month as demand weakened after the end of a tax exemption on purchases for first-time buyers, Acadametrics Ltd and LSL Property Services plc said.
        Bloomberg  -  332 words
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      102 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIQUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING, IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE ELEGANCE OF
      102 words
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      61 1 DINING Feeding the future L8 LivingBTTHE BUSINESS TIMES WEEKEND MAY 12-13 2012 KITCHEN CONFIDENTIAL A stream of young chefs are turning to private cheffing as demand for private dining grows L2-5 HOME GARDEN Artist in residence L12-13 PHOTO: MYPRIVATECHEF.SG GADGETS Charge of the Androids L14 SHOPPING Kneads, nosh and nails
      61 words
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  • DINING
    • Article, Illustration
      Lock icon Kitchen confidential
      3500 2 / 3  -  A stream of young chefs are turning to private cheffing for various reasons as the demand for private dining continues to grow. By Tan Teck Heng By Tan Teck Heng thtan@sph.com.sg By Rachel Loi rachloi@sph.com.sg SCENES of Gordon Ramsay flipping plates on his chefs in reality television series
      KENNETH LIN PHOTOS BY YEN MENG JIIN; JOHAN LIM PHOTOGRAPHY  -  3,500 words
    • Article, Illustration
      Lock icon Written for posterity
      646 6 / 7  -  A series of books on local cuisines has been published so that younger Singaporeans will not forget their culinary heritage. By Jaime Ee By Jaime Ee jaime@sph.com.sg Traditional Asian foods may be going the way of the dodo in this era of high-speed living and instant gratification,
      646 words
    • Article, Illustration
      Lock icon Rare gems unearthed
      1159 6 / 7  -  If you can’t cook it, can you buy it? Rachel Loi tracks down some vanishing foods with help from the heritage cookbook authors Rachel Loi rachloi@sph.com.sg Kueh bong kong (Peranakan) Author Sharon Wee’s favourite snack would be kueh bong kong, a Peranakan concoction of rice flour, coconut
      PHOTOS BY YEN MENG JIIN; PHOTOS TAKEN BY RACHEL LOI; RACHEL LOI  -  1,159 words
    • Article, Illustration
      Lock icon Feeding the future
      952 8  -  At the 35th World Association of Chefs Societies Congress, culinary heavyweights discuss the F&B industry’s role in ensuring the world never runs out of food. By Jenny Tan By Jenny Tan btnews@sph.com.sg WHEN it comes to feeding the world, look not just at food producers chefs can
      PHOTOS: AMARESH BHASKARAN  -  952 words
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      777 4 / 5 wine&dinewith BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore, 333 Orchard RoadZ6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with a refreshing yet
      777 words
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  • STYLE
    • Article, Illustration
      Lock icon INDIAN INFLUENCE
      915 9 Jade Jagger’s love affair with India started at age nine, when she visited with her father NYT JADE Jagger twirled in front of a mirror as she tried on a crocheted Vanessa Bruno jacket at Le Mill, a large and fashionable concept store near Mumbai’s docks. It was
      NYT; BLOOMBERG  -  915 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Kneads, nosh and nails
      2086 10 / 11  -  Bored with blank walls while waiting for your nails to dry? Check out three new salons to treat Mum to this Mother’s Day where you can relax, shop and dine while getting your beauty fix. By Debbie Yong By Debbie Yong Match your nails with everything
      MANICURIOUS; PHOTOS: MANICURIOUS; PHOTOS: CHILLAX; PHOTOS: YEN MENG JIIN  -  2,086 words
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  • HOME & GARDEN
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      Lock icon Artist in residence
      1092 12 / 13  -  Hong Zhu An’s home, set amid tranquil surroundings, is where he can focus on his work without any distraction and where he unwinds too. By Geoffrey Eu personal space By Geoffrey Eu btnews@sph.com.sg ON the face of it, the two-storey bungalow at the corner of a quiet
      PHOTOS BY JOHN HENG  -  1,092 words
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  • GADGETS
    • Article, Illustration
      Lock icon Charge of the Androids
      556 14  -  Top-of-the-line Google-powered phones are battle-ready.By By Christopher Lim limchris@sph.com.sg Samsung Galaxy S III Pricing not available THE state of the art for Google Android phones has come to be defined by Samsung’s Galaxy series of mobile phones, which is why new models are watched by every-
      556 words
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      37 14 HOME NEE S Time to retire the old and make way for a new cooling system. To find out more, turn to CLASS 90 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
      37 words
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  • HEALTH
    • Article, Illustration
      Lock icon Strike out stroke
      835 15  -  An irregular heartbeat, the most common heart rhythm problem, can bring on a stroke. By Cheah Ui-Hoon uihoon@sph.com.sg EVEN if you aren't technically in the high-risk category for stroke having high-blood pressure or being overweight, for example the risk of stroke is still present. Especially stroke caused
      REUTERS  -  835 words
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      258 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
      258 words
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  • SPORTS
    • Article, Illustration
      Lock icon Just one more solid play for City
      660 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent SO another riveting English football season has come to this. Just 90 minutes of football remain to be played and, barring a sensational collapse by the league leaders, it’s certain that it will be blue ribbons
      REUTERS  -  660 words
    • Article
      Lock icon Everything to play for on D-day
      638 16  -  kick off with christy simson WITH just one game to go after another drama-filled Barclays Premier League (BPL) season, it’s that time of the year where we debate our picks for the most outstanding player or manager, and even the biggest letdown of the
      638 words
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  • GOLF
    • Article, Illustration
      Lock icon Bubba Golf – a different kind of swing
      1083 17  - Bubba Golf a different kind of swing His refreshing ability to let his emotions loose and tears flow in victory challenges the ‘old school’ traditions of the sport. By Justine Moss By Justine Moss btnews@sph.com.sg TO say that the 2012 US Masters winner is not a typical professional golfer would
      PHOTOS: AFP  -  1,083 words
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  • MOTORING
    • Article, Illustration
      Lock icon BMW 3 Series raises the bar
      559 18  -  The four-cylinder engine literally powers the sixth generation of its popular compact sedan. By Samuel Ee samuelee@sph.com.sg THE BMW 3 Series with a four-cylinder engine used to be the entry-level alternative. Not anymore. The German luxury carmaker is still famous for its silky straight-six
      559 words
    • Article, Illustration
      Lock icon New electric drive
      700 19  -  The mid-sized sedan now boasts a lighter and more rigid body made of high-tensile steel. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE seventh generation of the Toyota Camry may look slightly sportier but the new mid-sized sedan has actually acquired more refinement. he new Camry gets
      700 words
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  • Article, Illustration
    Lock icon A tale of some world champions
    536 20  -  Whatever happens next promises to be a continuation of a very interesting season. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg SO Sebastian Vettel is happy again but Michael Schumacher is still, well, not. Both are Germans and world champions but that’s where
    PHOTOS: AP. AFP, REUTERS  -  536 words